After finding appropriate RSI and MACD entry points, traders benefit from analyzing key candlestick formations.
Below are the candlestick reversal formations detailed in this chart.
Candlestick Formations:
Two Black Gapping: appears after a notable top in an uptrend, with a gap down and two red bars.
It predicts lower lows with an accuracy of 68%.
Three Black Crows: Bearish Three Black Crows shows reversal near the high of an uptrend.
It can trap bulls seeking further momentum, or irrationally exuberant buyers (FOMO).
It predicts the decline to a lower low with 78% accuracy.
Bearish Evening Star: Starts at a long green or white bar, that carries an uptrend to a new high.
Make sure low volume follows, with smaller hammer-like bar.
Predicts lower price with 72% accuracy.
Abandoned Baby: Appears at the low of a downtrend, after a series of lower lows.
As it gaps lower, no new sellers appear.
This triggers recovery at 70% accuracy rate.
Abandoned babies have a 70% chance of surviving if they're with G/god.
Below are the candlestick reversal formations detailed in this chart.
Candlestick Formations:
Two Black Gapping: appears after a notable top in an uptrend, with a gap down and two red bars.
It predicts lower lows with an accuracy of 68%.
Three Black Crows: Bearish Three Black Crows shows reversal near the high of an uptrend.
It can trap bulls seeking further momentum, or irrationally exuberant buyers (FOMO).
It predicts the decline to a lower low with 78% accuracy.
Bearish Evening Star: Starts at a long green or white bar, that carries an uptrend to a new high.
Make sure low volume follows, with smaller hammer-like bar.
Predicts lower price with 72% accuracy.
Abandoned Baby: Appears at the low of a downtrend, after a series of lower lows.
As it gaps lower, no new sellers appear.
This triggers recovery at 70% accuracy rate.
Abandoned babies have a 70% chance of surviving if they're with G/god.
